EV Penetration & Circle K Norway's EV Experiment Lab
In Practise Analysis
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In June 2022, ~90% of all new passenger car sales in Norway were electric. The Norwegian government has also banned all ICE sales from 2025, the first country in the world with such a policy.
As most Western governments follow a similar energy transition, where does this leave a gas station business like Alimentation Couche-Tard?
We interviewed a Former Director of Circle K Norway to explore how the EV charging market works in Norway and how ATD’s business can adapt to an electric world. We share a few learnings below.
Norway has been the most aggressive country to move to an electric world.
But although new passenger car sales are ~100% EV in Norway, total miles driven by electric vehicles is still <20%.
Gas will still be in demand to fuel passenger cars for decades to come. McKinsey predicts it will take until 2040 for EV’s to be ~100% of the total Norwegian fleet.
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